Pfizer Q2 Earnings Top Estimates, Dow Surges Over 100 Points

US stocks traded higher on Tuesday with the Dow Jones index gaining over 100 points. Pfizer reported better-than-expected Q2 results and raised FY2025 adjusted EPS guidance above estimates. Consumer discretionary shares jumped 0.7%, while energy stocks fell 0.4%. SolarMax Technology shares surged 158%, Y-mAbs Therapeutics shares rose 104%, and Shattuck Labs shares gained 50%. Agilon health shares dropped 57%, Inspire Medical Systems shares fell 40%, and Ichor Holdings shares declined 32%. Oil traded down 1.2%, while gold rose 0.1%.

US stocks traded higher on Tuesday, with the Dow Jones index gaining over 100 points. The positive market movement was driven by a range of factors, including strong earnings reports and sector-specific performance.

The benchmark S&P 500 (^GSPC) climbed 0.25%, while the blue-chip Dow Jones Industrial Average (^DJI) rose 0.25%, or nearly 100 points. The tech-heavy Nasdaq Composite (^IXIC) also gained, rising 0.25%. Shares of Pfizer Inc. (NYSE:PFE) reported better-than-expected second-quarter results and raised its FY2025 adjusted EPS guidance above estimates, contributing to the market's upward trend [2].

Pfizer's adjusted earnings of 78 cents per share topped market estimates of 57 cents, and the company's quarterly sales of $14.70 billion beat expectations of $13.407 billion. This performance led to a 4% increase in Pfizer's stock price [3].

Consumer discretionary shares jumped 0.7%, while energy stocks fell 0.4%. SolarMax Technology, Inc. (NASDAQ:SMXT) shares surged 158% to $2.4050 after the company announced a $127 million engineering, procurement, and construction agreement. Y-mAbs Therapeutics, Inc. (NASDAQ:YMAB) shares rose 104% to $8.52 after the company announced it will be acquired for approximately $412 million following a merger agreement with Serb Pharmaceuticals. Shattuck Labs, Inc. (NASDAQ:STTK) shares gained 50% to $1.1121 after the company secured a $103 million private placement financing [2].

On the downside, agilon health, inc. (NYSE:AGL) shares dropped 57% to $0.7724 after the company withdrew its guidance and announced several senior leadership changes. Inspire Medical Systems, Inc. (NYSE:INSP) shares fell 40% to $78.04 after the company reported worse-than-expected Q2 GAAP EPS results and cut its FY25 guidance below estimates. Ichor Holdings, Ltd. (NASDAQ:ICHR) was down, falling 32% to $13.79 after the company reported worse-than-expected Q2 adjusted EPS results and issued Q3 adjusted EPS guidance below estimates [2].

In commodity news, oil traded down 1.2% to $65.52, while gold rose 0.1% at $3,431.20. Silver traded up 0.7% to $37.570, and copper fell 0.6% to $4.4115 [2].

European shares were higher today, with the eurozone's STOXX 600 rising 0.5%, Spain's IBEX 35 Index surging 0.2%, London's FTSE 100 rising 0.66%, Germany's DAX 40 gaining 0.8%, and France's CAC 40 rising 0.2% [2].

Asian markets closed mostly higher on Tuesday, with Japan's Nikkei 225 gaining 0.64%, Hong Kong's Hang Seng gaining 0.68%, China's Shanghai Composite gaining 0.96%, and India's BSE Sensex falling 0.38% [2].

The S&P Global US Services PMI increased to 55.7 in July from 52.9 in the previous month. The US trade deficit shrank to $60.2 billion in June versus a revised $71.7 billion gap in the previous month and versus estimates of a $61.6 billion shortfall [2].

References:
[1] https://finance.yahoo.com/news/live/stock-market-today-dow-jumps-580-points-sp-500-nasdaq-have-best-day-since-may-as-wall-street-bounces-back-200023079.html
[2] https://www.inkl.com/news/dow-surges-over-100-points-pfizer-earnings-top-views
[3] https://www.cnbc.com/2025/08/05/pfizer-pfe-q2-2025-earnings-report.html